Brokerages Set Spartan Delta Corp. (TSE:SDE) Price Target at C$5.83

Shares of Spartan Delta Corp. (TSE:SDE) have been assigned a consensus rating of “Strong Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$6.29.

SDE has been the subject of a number of research analyst reports. Scotiabank lifted their price objective on shares of Spartan Delta from C$6.00 to C$7.50 in a report on Thursday, January 30th. BMO Capital Markets cut their target price on shares of Spartan Delta from C$6.00 to C$5.00 in a research report on Friday, December 13th. National Bankshares raised their target price on shares of Spartan Delta from C$5.75 to C$6.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. National Bank Financial raised shares of Spartan Delta to a “strong-buy” rating in a research report on Thursday, January 30th. Finally, Desjardins raised shares of Spartan Delta to a “moderate buy” rating in a research report on Thursday, January 30th.

Spartan Delta Trading Up 0.6 %

Shares of SDE opened at C$3.25 on Tuesday. Spartan Delta has a 1-year low of C$2.90 and a 1-year high of C$4.36. The company has a 50-day moving average of C$3.68 and a 200 day moving average of C$3.64. The firm has a market capitalization of C$650.90 million, a price-to-earnings ratio of 4.06 and a beta of 1.49. The company has a debt-to-equity ratio of 28.49, a current ratio of 0.80 and a quick ratio of 0.66.

About Spartan Delta

Spartan Delta Corp. engages in the exploration, development, and production of oil and natural gas reserves in the Western Canada. Its assets are located in Montney and Deep Basin. The company was formerly known as Return Energy Inc and changed its name to Spartan Delta Corp. in May 2020. The company was incorporated in 2006 and is headquartered in Calgary, Canada.